Gold Finds Groove on Weak Durable Goods (Update 1)

"We could very easily see a month or two of volatility as nerves calm and the market consolidates from the slump that we saw in the last couple of weeks, but I think with that under our belt and as soon as we get some more positive news coming through we could see a lift," Neil Meader, head of precious metals research and forecasts at Thomson Reuters GFMS, said during a phone interview from London.